LU

By- Prasun Nabiyal

INTRODUCTION

On 14^th January 2023, Industrial Credit and Investment Corporation of India (hereinafter ‘ICICI’) Bank’s former MD Chanda Kochhar was charged with an aggravated form of “Criminal Breach of Trust” under Section 409 of the Indian Penal Code (hereinafter ‘IPC’) She was accused of defrauding the ICICI bank of 1730 crores by approving loans to Videocon in violation of its regulations. This post uses relevant legal principles and case laws to ascertain the foreeable stance to be taken by the courts in determining Chanda Kochhar’s liability under section 409. It then highlights the importance of this

3 necessary rights of unpaid merchants against the products

The unpaid merchant, in addition to his rights against the product as mentioned above, has the subsequent 3 rights

of action against the customer personally:

1. Right of lien.

2. Right of stoppage of products in transit

3. Right of merchandising

Rights of Unpaid Seller:

• Section forty-seven within the Sale of products Act, 1930

47. Seller’s lien. —

﴾1﴿ Subject to the provisions of this Act, the unpaid merchant of products the United Nations agency is in possession of them is

entitled to retain possession of them till payment or tender

Prince Harry has returned to court for his ongoing case against the publisher of the DailyMailjust as his father Charles visits Germany in his first overseas visit as King.

After missing the third day of the hearing, the Duke of Sussex responded at the High Court on Thursday as his lawyers resisted an “ambitious” and “unattractive” bid by the publisher to end the legal action.

Earlier in the day his father – who it was reported would not have seen his US-based son during Harry’s surprise visit to the UK – gave a historic address to the German parliament.